Jaguar Land Rover cuts jobs at British plants

London, Jan 14 (DPA) Ailing British luxury carmaker Jaguar Land Rover is to axe 450 jobs, including those of 300 managers, as part of a cost-cutting scheme following a “severe reduction” in demand for new cars, the company said Wednesday.The firm, which was bought by India’s Tata group for 1.7 billion pounds ($2.5 billion) last year, employs a staff of 15,000 at plants in Britain.